{"id":7535,"date":"2024-02-27T12:23:38","date_gmt":"2024-02-27T12:23:38","guid":{"rendered":"https:\/\/financeintellect.com\/home-page\/home\/?p=7535"},"modified":"2024-02-27T12:23:42","modified_gmt":"2024-02-27T12:23:42","slug":"chances-of-recovery-are-brighter-when-npas-are-sold-early-say-arcs","status":"publish","type":"post","link":"https:\/\/financeintellect.com\/home-page\/home\/chances-of-recovery-are-brighter-when-npas-are-sold-early-say-arcs\/","title":{"rendered":"Chances of Recovery are brighter when NPAs are sold early, say ARCs"},"content":{"rendered":"\n<p><strong>Mumbai : <\/strong>Asset Reconstruction Companies (ACRs) have called upon the banks to sell them bad loans in early stages so that the chances of recovery become brighter.<\/p>\n\n\n\n<p>With the bad loans becoming older, the possibility of recovery goes down, so feel the experts.<\/p>\n\n\n\n<p>\u201cThe accounts being sold to the ARCs are at a dead end. There is nothing left when we buy and chances of revival are minimum,\u201d said Pradeep Goel, Chairman,<br><a href=\"https:\/\/www.assocham.org\/overview-sector.php?name=stressed-assets#:~:text=The%20mandate%20of%20the%20ASSOCHAM,industry%2C%20regulator%2C%20and%20policymaker.\" target=\"_blank\" rel=\"noreferrer noopener\">Assocham National Council for Stressed Assets<\/a>, and MD, Prudent ABC.<\/p>\n\n\n\n<p>\u201cIn fact, the expectations of the lenders and investors in security receipts from ARCs are unrealistic. It is very easy to blame the ARCs saying that they were not doing anything, he added.<\/p>\n\n\n\n<p>After all, the ARCs are concentrating on reviving viable cases for value maximisation and contribution to the economy of the country, said Raj Kumar Bansal, Chairman, Association of ARCs in India and MD &amp; CEO, <a href=\"https:\/\/www.edelweissfin.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Edelweiss<\/a> ARC.<\/p>\n\n\n\n<p>The recovery rate of bad loans is very much higher if Non-Performing Assets (NPAs) are sold to ARCs early. The practice has been that the banks first exhaust all the means at their command to recover bad loans and they hand over NPAs to the ARCs. But by this time, their value erosion has already taken place and chances of recovery are down, Bansal opined.<\/p>\n\n\n\n<p>Instead of spending time in loan recoveries and exhausting all remedies before handing over the bad loans to ARCs, the banks should concentrate on their core business of increasing credit growth, thereby contributing to the growth of the economy, experts said.<\/p>\n\n\n\n<p>According to <a href=\"https:\/\/www.rbi.org.in\/\" target=\"_blank\" rel=\"noreferrer noopener\">RBI <\/a>figures, on March 31, 2023 the total book value of assets acquired by 28 ARCs increased to Rs 8,48,119 crore as against Rs 6,38,008 crore in the\u00a0previous\u00a0year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai : Asset Reconstruction Companies (ACRs) have called upon the banks to sell them bad loans in early stages so that the chances of recovery become brighter. With the bad loans becoming older, the possibility of recovery goes down, so feel the experts. \u201cThe accounts being sold to the ARCs are at a dead end. [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":7536,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1,6,5,31,3663],"tags":[4637,54,3372,3607,239],"class_list":["post-7535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-and-politics","category-opinion-makers","category-markets","category-news","category-real-estate","tag-arcs","tag-assocham","tag-edelweiss","tag-npas","tag-rbi"],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Chances of Recovery are brighter when NPAs are sold early, say ARCs - Finance Intellect<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/financeintellect.com\/home-page\/home\/chances-of-recovery-are-brighter-when-npas-are-sold-early-say-arcs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chances of Recovery are brighter when NPAs are sold early, say ARCs - Finance Intellect\" \/>\n<meta property=\"og:description\" content=\"Mumbai : Asset Reconstruction Companies (ACRs) have called upon the banks to sell them bad loans in early stages so that the chances of recovery become brighter. With the bad loans becoming older, the possibility of recovery goes down, so feel the experts. \u201cThe accounts being sold to the ARCs are at a dead end. 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